Copyright thehindubusinessline
Grasim Industries, an Aditya Birla Group company, has reported 52 per cent increase in September quarter net profit at ₹1,498 crore against ₹983 crore logged in the same period last year, largely due to better margin in cement and chemical business. Revenue from operations was up 17 per cent at ₹39,900 crore (₹34,223 crore). EBITDA increased 29 per cent to ₹5,217 crore (₹4,056 crore) led by higher profitability in the cement and chemical businesses. With commencement of Kharagpur paint plant in October, the total capacity has touched 1,332 million litres per annum. This marks an industry capacity share of 24 per cent, the second largest in the decorative paints market. The company has invested ₹9,727 crore in paints business and incurred a capex of ₹461 crore in September quarter. The company will invest ₹69 crore for 26 per cent equity stake each in three special purpose vehicles, launched jointly with Prozeal Green Energy and GMR Energy. The SPVs will develop green energy projects at Gujarat, Andhra Pradesh and Odisha. Painting it up Birla Opus’ decorative paints distribution network has expanded to over 10,000 towns. The business has launched ‘Opus Assurance’, an industry-first commitment to repaint the registered sites at no cost (including labour) if any issue emerges in the first year of painting. PaintCraft, the Birla Opus premium painting service has introduced industry-first features such as EMI options and GST-compliant tax invoices on home painting services. Cement business revenue was up 20 per cent at ₹19,607 crore due to higher volumes and improved realisations. Cellulosic Fibres segment revenue was up one per cent at ₹4,149 crore while EBITDA was down 29 per cent at ₹350 crore due to higher input cost which was absorbed by the company. Higher production and surge in inventory in China, led to moderation in average CSF (Cellulosic Fibres) prices to $1.51/kg in Q2 FY26. However, domestic CSF prices remained stable due to rupee depreciation. Globally, spot caustic soda prices declined for the second consecutive quarter to $449 a tonne, down 5 per cent y-o-y. However, domestic caustic realisations were higher due to stable domestic demand and rupee depreciation. Chemicals business revenue was up 17 per cent to ₹2,399 crore while EBITDA increased 34 per cent to ₹365 crore driven by higher volumes in Chlorine Derivatives and better ECU realisations. Birla Pivot, e-commerce business, revenue was up 15 per cent quarter-on-quarter (q-on-q) fuelled by new customer additions, healthy repeat orders and increasing contribution from product categories such as Non-ferrous, Bitumen, Chemicals and Tiles & Ply. The business remains on track to achieve revenue of ₹8,500 crore ($1 billion) by FY27. Published on November 5, 2025
